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Question
Write a detailed note on features of WTO
Short Note
Solution
Features of the WTO (World Trade Organisation)
(a) It governs trade in goods, services and intellectual property rights among the member countries.
(b) It is a body created by an international treaty with the approval of the governments and legislatures of the member states.
(c) The decisions of the WTO are made by the governments of the member nations on the basis of consensus.
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Objectives of World Trade Organization (WTO)
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